Alkyl Polyglucoside (APG) Surfactant Market 2022
The revenue from the global Alkyl Polyglucoside (APG) Surfactant Market was estimated to be over US$ 902 Mn at year’s end in 2018 and is expected to surpass US$ 1 Bn by the end of 2028. During the forecast period, the Alkyl Polyglucoside (APG) Surfactant Market is anticipated to grow at a CAGR of 6.8% and generate new revenue opportunities worth US$ 841.6 Mn.
Alkyl Polyglucoside Surfactants are surface active agents derived from renewable resources such as glucose or starch. These agents are used in various end-user industries such as personal care, home care, oil & gas, and others. Alkyl Polyglucoside Surfactants have emerged as an environment-friendly surfactant owing to their biodegradability and non-toxicity.
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The report’s main emphasis in recent years has been on the state, demand, potential for growth in the future, forecast period, and opportunity. The survey report also emphasises development, manufacturing firms, important markets, investors, and capital costs. In order to prevent problems brought on by a lack of knowledge, the goal of the study of the Alkyl Polyglucoside Surfactants Market is to provide a correct understanding of the market’s current situation.
PMR’s recently published market report titled “Alkyl Polyglucoside Surfactant Market: global industry analysis 2013–2017 and Forecast 2018–2028,” examines the alkyl polyglucoside surfactant market and provides crucial insights pertaining to the market. This report provides an overall assessment of the global alkyl polyglucoside surfactant market through segmentation on the basis of different primary functions and applications.
Market expansion will be fueled by rising demand for biodegradable and environmentally friendly substitutes in Europe and North America.
In both developed and emerging countries, the demand for personal care and home care products has significantly increased in recent years. The rising per capita income and spending as well as the shifting living standards around the world are to blame for this increase in demand. The market for raw materials like alkyl polyglucoside surfactants, chemical intermediates, and other additives is anticipated to be driven by this increase in demand for personal care and home care products. Moreover, during the forecast period, the alkyl polyglucoside market is anticipated to be driven by the rising demand for biodegradable and environmentally friendly alternatives in Europe and North America.
Key Palyers-
- DowDupont
- Croda International Plc
- Huntsman Corporation
- Shanghai Fine Chemical Co., Ltd
- Pilot Chemical Company
- Galaxy Surfactants
- SEPPIC S.A.
- LG Hosehold & Healthcare Ltd
- Other
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Growing Demand for Biodegradable & Eco-Friendly Alternatives in Europe & North America to Drive Market Growth
In the recent past, there has been a significant rise in the demand for home care and personal care products in developed as well as developing regions. This growth in demand can be attributed to the changing living standards and growing per capita income and spending around the globe. This growth in the demand for home care and personal care products is expected to, in turn, drive the market for raw materials such as alkyl polyglucoside surfactants, chemical intermediates and other additives. Moreover, the increasing demand for biodegradable and eco-friendly alternatives in Europe and North America is expected to drive the alkyl polyglucoside market during the forecast period.
Stringent government regulations pertaining to the manufacturing of products and maintenance of hygiene and safety standards in food, pharmaceutical and biotechnology industries are expected to drive the demand for surface disinfectant chemicals and subsequently, that for alkyl polyglucoside surfactants. In the recent past, the demand for construction chemicals has been significantly high in developing and developed regions, owing to the significant rise in construction activities across infrastructure and commercial sectors. Being a concrete admixture, the demand for alkyl polyglucoside surfactants is expected to increase alongside the growth of the construction chemicals market during the forecast period. Apart from this, the availability of alternative products in the market is expected to hamper the growth of the alkyl polyglucoside surfactant market.
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Home Care, Industrial & Institutional Cleaning Chemicals, and Personal Care Applications to Drive Demand for Alkyl Polyglucoside Surfactants
The global alkyl polyglucoside surfactant market is estimated to witness healthy growth, owing to the rising demand from home care, industrial & institutional cleaning chemicals, and personal care applications. Among the segments by primary function, the cleansing agent segment is estimated to gain traction in terms of demand over the forecast period.
On the basis of application, home care and cleaning chemical segments are estimated to grow at significant CAGRs of 6.0% and 5.7%, respectively, over the forecast period.
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